OPEC Fund For International Development

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The OPEC Fund is a financial institution dedicated to promoting social and economic development by providing funding and support for sustainable growth initiatives.

An OPEC Fund delegation led by President Dr. Abdulhamid Alkhalifa attended the 2025 Joint Annual Meetings of Arab Financ...
18/04/2025

An OPEC Fund delegation led by President Dr. Abdulhamid Alkhalifa attended the 2025 Joint Annual Meetings of Arab Financial Institutions and the Council of Arab Finance Ministers in our member country Kuwait. 🇰🇼
➡️ The summit provided a vital platform to strengthen joint action and advance shared financial and development priorities across the Arab region.
On the sidelines, Dr. Alkhalifa and Vice President Strategy Musab Alomar held high-level discussions with Ministers of Finance from our member countries, including Algeria’s HE Abdelkrim Bouzred and Kuwait’s HE Noora Al-Fassam.
The delegation also met with ministers from partner countries: Egypt’s Minister of Planning, Economic Development and International Cooperation, HE Dr. Rania Al-Mashat and Mauritania’s Minister of Economy and Finance, HE Sid Ahmed Ould Bouh.
Together, they explored opportunities to deepen cooperation and enhance collective impact. 🤝
We look forward to working with our partners to ensure that sustainable development a reality for all! 🌍

Mark your calendars! 📣 The next is taking place on Tuesday, June 17, 2025, in Vienna, bringing together development pa...
18/04/2025

Mark your calendars! 📣
The next is taking place on Tuesday, June 17, 2025, in Vienna, bringing together development partners and thought leaders to advance solutions for a brighter, more sustainable future. 🌍
Convening under the theme "A Transition That Empowers Our Tomorrow," the Forum will strengthen partnerships, catalyze innovative financing and accelerate impactful delivery.

We are providing a €50 million loan to the Industrial Development Bank of Türkiye (TSKB) to support investments in renew...
18/04/2025

We are providing a €50 million loan to the Industrial Development Bank of Türkiye (TSKB) to support investments in renewable energy, energy efficiency, climate adaptation, climate-related equipment production & circular economy initiatives. 🇹🇷
➡️The financing, provided through an on-lending arrangement with the Republic of Türkiye’s Ministry of Treasury and Finance, marks the first collaboration between the OPEC Fund and TSKB.
“By channeling funding into renewable energy, energy efficiency, and climate-resilient industries, we aim to support Türkiye’s transition to a low-emission economy and its net zero target by 2053, while fostering inclusive and green economic growth," said our President Dr. Abdulhamid Alkhalifa.🤝
TSKB CEO Murat Bilgiç said: “This secured loan aligns with national climate goals and the 2053 Long-Term Climate Strategy, contributing to sustainable development and climate adaptation efforts. We aim for this resource to finance low-emission and resilient economy projects, bringing significant benefits to our country."

Our President Dr. Abdulhamid Alkhalifa is leading an delegation to the World Governments Summit - القمة العالمية للحكو...
18/04/2025

Our President Dr. Abdulhamid Alkhalifa is leading an delegation to the World Governments Summit - القمة العالمية للحكومات in our member country United Arab Emirates. 🇦🇪
Dr. Alkhalifa will participate in high-level panel discussions and engage with key development partners.
Stay tuned for more updates! 🤝

From farm to factory, cocoa is the backbone of millions of smallholder farmers across Africa. ✋➡️Ensuring a sustainable ...
18/04/2025

From farm to factory, cocoa is the backbone of millions of smallholder farmers across Africa. ✋
➡️Ensuring a sustainable and fair cocoa supply chain goes beyond harvesting beans - it requires investment, innovation and strong partnerships.
In Côte d'Ivoire, a €50 million loan from the OPEC Fund is strengthening the cocoa sector by supporting traceable and sustainable cocoa exports through a financing package for commodities trader SucDen. 🇨🇮
Acting Senior Investment Manager Fatima Yakubu recently traveled on an to participate in the closing ceremony of this transaction and see firsthand how our financing is making a difference across the entire value chain.
She shares:
"Visiting the farms in Côte d'Ivoire reinforced just how vital sustainable financing is for the cocoa sector. Traceability and responsible sourcing are not just industry buzzwords - they are essential for improving farmers' livelihoods and securing the future of cocoa production." 🤝

Expanding SME financing in Paraguay! 🇵🇾We arranged a syndicated loan with a US$50 million facility for the benefit of Ba...
18/04/2025

Expanding SME financing in Paraguay! 🇵🇾
We arranged a syndicated loan with a US$50 million facility for the benefit of Banco Continental. While the OPEC Fund will contribute US$25 million from its own resources as A-lender, it has also mobilized a US$25 million B-loan from the Commercial Bank of Dubai.
➡️The funding will support Banco Continental’s efforts to expand lending to small and medium-sized enterprises (SMEs) and to support the agricultural sector in Paraguay by driving economic growth and bolstering food security through the provision of finance.
“Partnering with CBD and Banco Continental we are channeling resources from our member country UAE to initiatives that directly support SMEs and the agricultural sector - key pillars of sustainable growth and food security in Paraguay,” said our President Dr. Abdulhamid Alkhalifa. 🤝

In Nouakchott, our President Dr. Abdulhamid Alkhalifa met with Mauritania’s Prime Minister HE El Moctar Ould Djay. 🇲🇷The...
18/04/2025

In Nouakchott, our President Dr. Abdulhamid Alkhalifa met with Mauritania’s Prime Minister HE El Moctar Ould Djay. 🇲🇷
The meeting focused on strengthening the OPEC Fund’s support for sustainable development across key sectors, reinforcing our long-standing partnership with Mauritania. 🤝

Our President Dr. Abdulhamid Alkhalifa is traveling to Mauritania to engage with the country's leadership in Nouakchott ...
18/04/2025

Our President Dr. Abdulhamid Alkhalifa is traveling to Mauritania to engage with the country's leadership in Nouakchott and explore ways to strengthen our partnership. 🇲🇷
Dr. Alkhalifa is expected to sign a Country Partnership Framework Agreement to deepen our cooperation.
The OPEC Fund has been supporting Mauritania’s development since 1976, approving 33 loans totaling around US$250 million to date.

We achieved a record US$2.3 billion in new commitments in 2024! 🌍These commitments, distributed across 70 projects world...
18/04/2025

We achieved a record US$2.3 billion in new commitments in 2024! 🌍
These commitments, distributed across 70 projects worldwide, are combating climate change, improving global food security, advancing the energy transition and fostering sustainable economic and social development. 🤝
➡️ In 2024, the OPEC Fund’s financing supported projects across the Middle East and North Africa & Europe and Central Asia (39 percent of total commitments), Sub-Saharan Africa (34 percent), Asia and the Pacific (13 percent) as well as Latin America & the Caribbean (11 percent). The remaining 3 percent of financing was provided to support regional and global projects.

Our President Dr. Abdulhamid Alkhalifa was delighted to meet with HE Tiémoko Meyliet Kone, Vice President of Côte d’Ivoi...
18/04/2025

Our President Dr. Abdulhamid Alkhalifa was delighted to meet with HE Tiémoko Meyliet Kone, Vice President of Côte d’Ivoire. 🇨🇮

Dr. Alkhalifa reaffirmed the OPEC Fund’s commitment to advancing sustainable development in Côte d’Ivoire - a partnership that dates back to 1982.

We are proud to continue supporting the country’s progress toward a more sustainable future. 🤝

We are providing a €70 million loan to Uzbekistan to co-finance the Second Inclusive and Resilient Market Economy Develo...
04/01/2025

We are providing a €70 million loan to Uzbekistan to co-finance the Second Inclusive and Resilient Market Economy Development Program. 🇺🇿
➡️ The program has been developed in collaboration with the World Bank and aims to support reforms that strengthen markets, enhance fiscal risk management and improve social inclusion and climate action in Uzbekistan.
“Uzbekistan’s ambitious reforms and long-term vision for sustainable development are inspiring. This loan builds on our strong partnership and supports critical changes that will contribute to economic diversification, social inclusion and climate resilience, ensuring tangible benefits for the people,” said our President Dr. Abdulhamid Alkhalifa. 🤝

At , the OPEC Fund hosted an insightful fireside chat with Juan Carlos Mendoza, Director of the Environment, Climate, G...
04/01/2025

At , the OPEC Fund hosted an insightful fireside chat with Juan Carlos Mendoza, Director of the Environment, Climate, Gender and Social Inclusion Division at the International Fund for Agricultural Development (IFAD). 🌍
➡️ In conversation with our Chief Communications Officer, Nadia Benamara, the discussion tackled key questions shaping the future of sustainable food systems:
▪️ How can we mobilize the estimated US$500 billion annually needed to transform global food systems between now and 2050?
▪️ How does IFAD integrate gender, social inclusion and climate considerations into agricultural projects to ensure they are inclusive and resilient?
Many thanks to all who joined us - these conversations highlight the collaborative efforts needed to address critical global challenges! 🤝

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Kathua

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